Ackman made new bet on Nike, Namvar to transition to advisory board

NEW YORK (Reuters) - Billionaire investor William Ackman said on Thursday that his hedge fund Pershing Square Capital Management made a new bet on sportswear company Nike last year that has already earned his portfolio a roughly 30 percent return.

NEW YORK (Reuters) - Billionaire investor William Ackman said on Thursday that his hedge fund Pershing Square Capital Management made a new bet on sportswear company Nike last year that has already earned his portfolio a roughly 30 percent return.